Growth-focused Western Australian nickel company St George Mining Limited (ASX: SGQ) is pleased to announce that diamond drilling of deeper nickel-copper sulphide targets has commenced at its flagship high-grade Mt Alexander Project, located in the north-eastern Goldfields.
HIGHLIGHTS
- Drilling of multiple, deeper nickel-copper sulphide targets has commenced.
- Targets are at Investigators and West End and associated with a number of electromagnetic (EM) conductors including:
- 81,000 Siemens conductor identified from downhole EM (DHEM) survey in MAD202
- 250m strike EM conductor identified from DHEM survey in MAD200
- Down-plunge continuity of the high-grade discovery in MAD199 – the first deep find at Mt Alexander – which returned assays of:
- 11.07m @ 1.58% Ni, 0.71% Cu, 1.23g/t total PGEs from 333.5m including
- 3.9m @ 3.98% Ni, 1.8% Cu, 3.1g/t total PGEs from 340.67m and including
- 1.28m @ 6.54% Ni, 2.96% Cu, 3.88g/t total PGEs from 342.12m/
- Compelling targets with strong potential to make further discoveries of nickel-copper sulphides at Mt Alexander
John Prineas, St George Mining’s Executive Chairman, said:
“We are delighted to resume diamond drilling at Mt Alexander, particularly given the portfolio of exciting nickel-copper sulphide targets that we have identified and lined up for drilling.
“Our ongoing systematic exploration at the West End and Investigators Prospects has produced excellent results this year including a new, deeper discovery at MAD199 and a growing number of downhole EM conductors.
“These results all point to a very large and fertile mineral system at West End and Investigators that has the potential to host a significant volume of mineralisation.
“This area remains underexplored and only lightly drilled, providing an opportunity for further drilling to deliver exciting discoveries to expand the mineralised footprint that we have identified at Mt Alexander.
“We look forward to reporting results over the coming weeks.”
